The following table indicates the production possibilities of food and clothing per worker day in the United States and Japan. Which of the following is true? a. Mutual gains from trade could be realized if the United States specialized in food production and Japan in clothing production. b. Since Japanese workers produce more of both food and clothing than U. S. workers, no gains from trade are possible. c. Joint output would be maximized if the United States specialized in producing clothing and Japan in producing food. d. The Japanese are the low-cost producers of both food and clothing.

The year is 2278, and the starship enterprise is running low on dilithium crystals, which are used to regulate the matter-antimatter reactions that propel the ship across the universe. without the crystals, space-time travel is not possible. if there is only one known source of dilithium crystals, the necessary conditions for a monopoly are met. part 2 (1 point)see hint if the crystals are government owned or government regulated, and the government wants to create the greatest welfare for society, then it should set the price choose one or more: a. so only the rich can afford space-time travel. b. at the profit-maximizing price. c. at the efficient price. d. using the marginal-cost pricing rule. e. so everyone can afford space-time travel. f. at the monopoly price.